Deswell Industries, Inc. (NASDAQ:DSWL) Sees Significant Decrease in Short Interest

Deswell Industries, Inc. (NASDAQ:DSWL) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 2,100 shares, a decrease of 62.5% from the May 31st total of 5,600 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 5,800 shares, the days-to-cover ratio is currently 0.4 days.

Deswell Industries Price Performance

Shares of NASDAQ DSWL opened at $2.48 on Friday. Deswell Industries has a 12-month low of $2.12 and a 12-month high of $2.88. The company’s fifty day simple moving average is $2.41 and its 200 day simple moving average is $2.39.

Deswell Industries (NASDAQ:DSWL) last issued its earnings results on Thursday, June 20th. The technology company reported $0.48 earnings per share (EPS) for the quarter. The company had revenue of $69.37 million for the quarter.

Deswell Industries Announces Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a yield of 8.1%.

Deswell Industries Company Profile

Deswell Industries, Inc manufactures and sells injection-molded plastic parts and components, electronic products and subassemblies, and metallic molds and accessory parts for original equipment manufacturers and contract manufacturers. It operates through two segments, Plastic Injection Molding and Electronic Products Assembling.